CEI - New Report: Praying for Growth at the GDP Altar; The Perils of Confusing GDP Growth Figures with the Real Economy
MONSANTO PROTECTION ACT? - GREGORY CONKO
CEI.org: Greens Falsely Sow Seeds of Doubt on Farmer Assurance Provision
During negotiations on the continuing budget resolution last weekend, farm state senators inserted a rider they call the “Farmer Assurance Provision,” which critics have derided as the “Monsanto Protection Act.” The provision codifies existing USDA practices and elements of a 2010 Supreme Court ruling that lower courts should not automatically prohibit the planting of biotech crop varieties, or the harvest and sale of biotech crops already planted, when their commercial approval is revoked for procedural reasons. Activists have mischaracterized the rider’s actual effect and have called on Congress to repeal it.
All the Farmer Assurance rider does is codify existing case law and agency practice. > Read more
CEI is a non-profit, non-partisan public policy group dedicated to the principles of free enterprise and limited government. For more information about CEI, please visit our website, cei.org, and blogs, Globalwarming.org and OpenMarket.org. Follow CEI on Twitter! Twitter.com/ceidotorg.
Oct. 29, 2012
Because spending is included as a component of the Gross Domestic Product by the Bureau of Economic Analysis, if the budget had been balanced this year, the economy would have "contracted" anywhere from 4.2 percent to 12 percent.
Our President has used foul language to indirectly describe his opponent. It seems as if he was describing himself, however.
There is indeed a war on coal and it just so happens to impact those states where President Obama desperately needs more support: Ohio, Pennsylvania, and West Virginia.
$4 trillion in deficit reduction? CNN's Erin Burnett takes Team Obama to task for this whopper.
Oct. 26, 2012, Fairfax, VA-Americans for Limited Government President Bill Wilson today issued the following statement on the Bureau of Economic Analysis' advance estimate of the Gross Domestic Product (GDP) in the 3rd quarter showing 2 percent growth:
"Today's report shows that the GDP grew by $190.1 billion at a 2 percent rate in the third quarter. There's only one problem. $38 billion of that, or 20 percent, was an increase in government spending. That means without government included, the private sector only expanded by a tepid 1.6 percent. This is the best the Obama economy can do: increase government spending, meanwhile the private economy continues to flounder.
"This dismal reality poses daunting challenges to restoring full employment in the U.S. Only 22 million Americans work for government at the federal, state, and local level, just 15 percent of the 143 million people who have jobs.
"There will be no recovery from this depression without a robustly growing private sector, because we cannot all work for the government. It is time for new leadership on the economy from somebody who knows how to get the private sector moving again - because that is the only way out of this mess."
Americans for Limited Government is a non-partisan, nationwide network committed to advancing free market reforms, private property rights and core American liberties. For more information on ALG please call us at 703-383-0880 or visit our website at www.GetLiberty.org.
Sept. 28, 2012
Second quarter Gross Domestic Product (GDP) has been revised downward to 1.3 percent growth, unemployment is still unacceptably high, the debt is higher than ever, and things are only getting worse. But can Republicans win?
Obama's media allies come in handy again.
Promised Land, starring Matt Damon and inspired by eleven residents from Dimock, Penn., who claimed that fracking had destroyed their water and their lives has those residents' claims investigated by the EPA, which found "there are not levels of contaminants present that would require additional action by the Agency."
Family Research Council President Tony Perkins: gunman was "given a license to shoot an unarmed man by organizations like the Southern Poverty Law Center that have been reckless in labeling organizations as hate groups because they disagree with them on public policy."